The Africa coiled tubing market is estimated to grow at a CAGR of 6.4% from
2014 to 2019. Although Algeria holds a larger share of the coiled tubing market,
Egypt is growing at the highest rate. Ongoing and upcoming developments in
offshore drilling and extensive shale exploration and production activities are
growth opportunities for the coiled tubing service market. However, there is
intense competition in the market, owing to the presence of several existing
industry players that create barriers to entry. This hampers the growth of the
market.

This report analyzes the coiled tubing (CT) services market on the basis of
service type, application, and country. In terms of service, the report analyzes
the market by types of services in various countries. In terms of country, the
market is segmented into Algeria, Egypt, and other countries. The CT services
included in this report are well intervention, CT drilling, and others. In order
to enable a deeper understanding of the competitive landscape, the report
profiles companies operating in the CT services market, including African
oilfield service companies.

The African countries in which CT applications are most frequently used are
Algeria and Egypt. Egypt is estimated to grow at a higher CAGR than Algeria for
the next five years. The increasing energy demand has compelled exploration and
production companies to shift their focus to unconventional hydrocarbon
resources. The E&P activities for unconventional resources require oil field
services to produce oil & gas and to make the operations economically viable.
This is likely to drive the coiled tubing market. The Africa coiled tubing
market is a highly competitive market, with a large number of market players. As
of 2014, the Africa coiled tubing market is estimated to be dominated by
Schlumberger Limited (U.S.), Halliburton (U.S.), Baker Hughes Inc. (U.S.),
Weatherford International Ltd. (Switzerland), and Trican Well Service (Canada).
New product launches and partnerships, agreements, collaborations, and joint
ventures are the key strategies adopted by market players to achieve growth in
the coiled tubing services market.

Reasons to Buy the Report:

This research report has focused on various levels of analysis—market share
analysis of top players, supply chain analysis, and company profiles, which
together comprise and outline the basic views on the competitive landscape,
emerging and high-growth segments, high-growth regions and countries—with their
respective regulatory policies, government initiatives, drivers, restraints, and
opportunities of the coiled tubing market.

The report will enable both, established firms as well as new entrants/smaller
firms to gauge the pulse of the market, which in turn, will help them garner a
larger market share. Firms purchasing the report could use any one or a
combination of the below mentioned five strategies (market penetration, product
development/innovation, market development, market diversification, and
competitive assessment) to strengthen their foothold in the market.

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